Why CEOs are Rude and Investors are Jerks
I certainly understand how you could think that all CEOs are rude and all investors are assholes but it’s really not quite that simple.
This occurred to me today as for the 4th (or was it 5th?) time in a row, I told someone talking to me that I had to go because I had a meeting. It wasn’t one long-winded person, either. Basically, every person I talked to today, I eventually hung up on to go do something else.
There were plenty of emails I didn’t return, calls I didn’t answer, copies of receipts I did not send, letters I didn’t mail and requests for meetings I turned down.
“No, I’m very sorry. I cannot speak at your conference.”
“No, I can’t speak to your students about careers in the game industry. Perhaps someone else in our office can attend.”
My first meeting was at 7:30 am. It’s now 11:30 pm and I just realized I owed someone copyright forms from a month ago but in the intervening month I’ve been in North Dakota, Brazil, San Jose, Salt Lake City and back home again. So, they are getting scanned and submitted now.
Building a product and simultaneously building a company is hard work. Here is my schedule for tomorrow:
- Fix bug in path after first math challenge in Forgotten Trail
- Write summary of bonus level for Keith to code
- Attend meeting on investor reporting
- Write contract for data analyst
- Finish pages for teaching lowest common denominator
- Draft financial model for meeting on Thursday
… and a whole lot more.
It’s not that I don’t think the person asking for the meeting, receipts or information in their email is important, but there is not enough of me to go around. I think it will always be like this. Time management has nothing to do with it. The better you get in your profession, the more people want a piece of you. You will have to turn some down and put others off.
If you want to see what I’m doing in all of that time, click here to download a demo
What about investors? They have it pretty soft, though, right? Why are they such jerks to people? The truth is, they aren’t really, although it might seem that way. Let me explain
The fact is that many investors were at one time CEO, CTO, CMO or some other C involved in building a company. They put in years of getting up at 7:30 am and going to bed at midnight so when you come waltzing in with “a dream and a team” saying you are going to have 40% of an $8 billion market within 18 months, they mentally file you in the folder of “wasting my time”.
Because they know what it takes to be successful, they are going to ask you a lot of questions about everything from market size to sales strategy to cash flow analysis. They also aren’t going to give you a lot of time to answer and if you don’t have the answers they often will dismiss you out of hand.
That doesn’t mean they’re jerks so much as realists, and laboring under the same time crunch they were as C- whatever- O . Imagine if you had several million dollars to invest, the number of people who would be trying to get in to pitch their idea to you. Maybe you are still doing some of whatever made you that millions of dollars in the first place.
Yes, I am sure there are some CEOs and investors out there who are arrogant jerks, but a lot more are just trying to fit into the hours in the day the accomplishments that make you want to take up more of their time than they have available to give you.
That was a very thoughtful post and it was much appreciated. Empathy is always judicious and I see a lot of people forget that when discussing entrepreneurs.
(not giving up on that email though :))